Outsourcing to become the leading Philippine industry?

Outsourcing has enjoyed great growth in the past years, and it's doing well despite the economic crunch. It seems like the industry is not affected by budget cuts as much as other industries. In fact, the BPO industry even needs more skilled workers, such as programmers, and website copywriting professionals, making it an option for those canned from their jobs. Can we say that outsourcing is the leading industry today?